Townsquare Capital LLC Buys 11,948 Shares of GoDaddy Inc. (NYSE:GDDY)

Townsquare Capital LLC increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 84.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,033 shares of the technology company's stock after acquiring an additional 11,948 shares during the period. Townsquare Capital LLC's holdings in GoDaddy were worth $5,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Anchor Investment Management LLC purchased a new stake in shares of GoDaddy in the 3rd quarter worth approximately $31,000. Versant Capital Management Inc bought a new position in shares of GoDaddy during the fourth quarter valued at $43,000. Rakuten Securities Inc. raised its position in shares of GoDaddy by 311.3% in the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock worth $43,000 after purchasing an additional 165 shares during the last quarter. Friedenthal Financial bought a new position in GoDaddy in the 4th quarter worth about $49,000. Finally, OFI Invest Asset Management purchased a new stake in GoDaddy during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 90.28% of the company's stock.

Insider Buying and Selling at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $171.75, for a total transaction of $171,750.00. Following the sale, the chief operating officer now directly owns 256,949 shares of the company's stock, valued at $44,130,990.75. This represents a 0.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Sharples sold 500 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00. Following the completion of the transaction, the director now directly owns 22,621 shares of the company's stock, valued at approximately $4,698,381.70. This trade represents a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock valued at $3,518,150 in the last three months. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GDDY has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Piper Sandler raised their price target on shares of GoDaddy from $176.00 to $177.00 and gave the company a "neutral" rating in a report on Friday, February 14th. UBS Group boosted their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Wells Fargo & Company began coverage on shares of GoDaddy in a research report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 target price for the company. Finally, Barclays raised their price target on GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $210.73.

GoDaddy Price Performance

Shares of GDDY stock traded down $0.65 on Friday, hitting $171.55. 1,166,177 shares of the stock traded hands, compared to its average volume of 1,465,091. The firm has a market cap of $24.25 billion, a price-to-earnings ratio of 26.60 and a beta of 1.19. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $177.13 and a two-hundred day simple moving average of $185.71. GoDaddy Inc. has a 52 week low of $119.76 and a 52 week high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.18 billion. As a group, equities research analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

About GoDaddy

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.